Exercise B-9 (Algo) Present value of an annuity LO P3 Dave Krug finances a new automobile by paying $6.800 cash and agreeing to make 40 monthly payments of $450 each, the first payment to be made one month after the purchase. The loan bears interest at an annual rate of 12% What is the cost of the automobile? (PV of $1. EV of $1. PVA of S1 and EVA of S1) (Use appropriate factor(s) from the tables provided. Round Table Factor" to 4 decimal places.) Monthly Payment Table Values are Based on: n Table Factor Present Value of Loan Present Value of Loan Cash Down Payment Cost of the Automobile Check my work